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Fortex

Status
Realised
Country
Netherlands
Strategy
Mid Cap
Sector
Business Services
Entry
Mar-00
Exit
Jul-05
Fund
IK 2000

Lead provider of textile rental logistics

Fortex is a leading provider of textile rental and industrial laundry services in the Benelux countries. Main customer categories include hospitals (bed linen, hygienic products & work-wear) and different kinds of companies (uniforms & work-wear). Other activities include the provision of specialist cleaning services for surgical tools and textiles.

Fortex was formed through the combination of three family owned companies in 2000.

Rentex Fortex, based in Eindhoven covers Southern Netherlands with 9 plants in the region. Derere Industries, headquartered outside Brugge is one of the market leaders in Belgium. Theo Deckers in Antwerp is specialised in rental and laundry services to hotels. The three companies employ 1,200 people in Belgium and the Netherlands.

After the IK 2000 Fund formed Fortex in March 2000, the group was sold to ABN AMRO Capital in July 2005. The Company now operates under the name CleanLease.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Participate in market consolidation through add-on acquisitions;
  • Introduce a plant rationalisation programme; and
  • Shift from a family–owned business to a corporation.